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ECOLAB INC. — Director's Dealing 2010
May 12, 2010
29912_dirs_2010-05-12_9e2fe6b0-3f1c-438e-8360-4fb9f93a3b40.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2010-05-10
Reporting Person: Gifford Robert K (SVP - Global Supply Chain)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-05-10 | Common Stock | M | 37800 | $34.075 | Acquired | 46735 | Direct |
| 2010-05-10 | Common Stock | F | 30070 | $48.945 | Disposed | 16665 | Direct |
| 2010-05-10 | Common Stock | M | 11466 | $35.63 | Acquired | 28131 | Direct |
| 2010-05-10 | Common Stock | F | 9365 | $48.945 | Disposed | 18766 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-05-10 | Stock Option (Right to Buy) | $34.075 | M | 37800 | Disposed | 2015-12-07 | Common Stock (37800) | Direct |
| 2010-05-10 | Stock Option (Right to Buy) | $35.63 | M | 11466 | Disposed | 2018-12-03 | Common Stock (11466) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 513.316 | Indirect |
Footnotes
F1: Reflects the reporting person's payment of the exercise price and withholding taxes for a stock option issued in accordance with Rule 16b-3 by delivering or withholding shares of Ecolab Common Stock.
F2: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of April 30, 2010. Includes 1.729 UNITS acquired by the reporting person in the Ecolab Stock Fund of the Ecolab Savings Plan since the date of his last report. (The 513.316 UNITS are the equivalent of approximtely 958 shares of the issuer's Common Stock.)
F3: The option was/will be exercisable, on a cumulative basis, as to one-third of the option shares (excluding any fractional portion less than one share) on each of the first and second anniversaries of the date of grant and as to the remaining shares on the third anniversary of the date of grant; provided, however, that if a change in control (as that term is defined in the Ecolab INc. 2005 Stock Incentive Plan) will occur, then the option, if it has been outstanding for at least six months from the date of grant, will become immediately exercisable in full.